why is the Gold getting so expensive day by day ... any idea's wether it will b cheaper again?

Question

why is the price of Gold going upper ... it's almost HK $ 8,200 .... any idea whether the price will decrease or not

it's been getting so expensive ..last year was like HK $ 5,000.00 smth but now it's already above HK $ 8,000.00

Answer 1

Every so often the price of gold goes up, because people think it is a safe way of keeping their money. But there are lots of gold mines which are close to being profitable, and people start working these. So the price goes down again. This is what has been happening, on and off, for over 30 years, and after taking inflation into account gold is now actually cheaper than it was then.

Moral: you can lose a lot of money if you invest in gold.

Answer 2

When ill minded people control humanities resources and the blind follower of Shinny world not see life is way for living. The prise of Gold will not come down.

Answer 3

the crude price is soaring higher day after day.
as also is the inflation
as a result to buy gold as safe haven, the prices will increase more

Answer 4

gold prices always go up. Rarely they come down only to go up again. so if u want to buy gold . buy it now.

Answer 5

its gettting dearer because of war, inflation, it may become cheaper but may not it depends on demand when demand is high then price will remain high.
Best guess is it will rise because historically that is what has happened

Answer 6

beacuse the Gold is less in our world. as we know, the less the one, the more expensive the one. so i think it may be cheap.

Answer 7

I won't be cheaper anytime soon! BANK ON IT!

Answer 8

no